Scrap the whole site and keep it simple. WAY too much going on...I still have no clue where to click. People should find what they need in less then 2 seconds. If you sent me to that site for a job I wouldn't even try to navigate through that site. Not trying to be harsh...but people get too into the layout. The simpler the better.
Now I was going to list recommendations and advice for the site... but I see that you just grabbed a template so I dont think there is a point to breakdown the layout.
Here are a few templates that I think would be better:
The layout is really bad. Horizontal scrolling is annoying (usually it happens when content is too wide, not for navigation). Better off making separate pages or using a vertical scroll.
Um, in addition to horizontal scroll being annoying, some people, by which I mean me, may not be smart enough to figure out that it's there for about 3 minutes, and may stare dumbly at the screen trying to figure out how to get to the videos ;p.
I really enjoyed the movies you had up though! In terms of content I definitely thought you did a really nice job